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Superior Gold Inc.
Summary
| Project: | Plutonic | |
|---|---|---|
| Deposit: | Plutonic | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/29/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 29-11-2018: Superior Gold Inc. announces an Exploration/Drilling Update report for its Plutonic deposit at the Plutonic project. Drilling results incl. 16.0m @ 3.0g/t Au from 137.0m. Toronto, November 29, 2018 – Superior Gold Inc. (“Superior Gold” or the“ | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Pascal Blampain (Internal) | |
| ABSTRACT: | Toronto, November 29, 2018 – Superior Gold Inc. (“Superior Gold” or the“Company”) (TSXV:SGI) is pleased to announce results from the recently completed phase two reverse circulation drill program at its Hermes South project. Hermes South is located approximately 20 kilometres south southwest of the Hermes open pit gold mine, which in turn is located 65 kilometres southwest of the Company’s 100%- owned Plutonic underground gold mine in Western Australia (Figure 1) The Hermes South project is within the Bryah Basin joint venture with Alchemy Resources Ltd. (ASX:ALY). The Company’s interest is up to 80% in the joint venture. The Company has previously announced (on April 3, 2018) an initial inferred mineral resource estimate for Hermes South of 1.29 million tonnes at an average grade of 1.54 g Au/t for 64,000 ounces (100% basis). The phase two reverse circulation program was completed in October and totalled approximately 7,500 metres over 51 holes, including two holes that were deepened from the phase one program. The phase one reverse circulation program was completed in May and totalled approximately 6,900 metres over 45 holes. The goal of both programs was to expand the existing resource and to explore for additional zones of mineralization. The location of drill holes in the current program are shown in relation to prior drilling and the existing resource in both plan and long section in Figure 2 and Figure 3, respectively. All intersections are provided in Table 2. | |
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